SocGen: Gold Is Going To Tank To $1,375 This Yearhttp://www.businessinsider.com/socgen-gold-is-going-to-1375-2013-3/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 09 Dec 2016 08:31:32 -0500Mamta Badkarhttp://www.businessinsider.com/c/514cb64becad04de19000002stocktipsinvestmentFri, 22 Mar 2013 15:51:39 -0400http://www.businessinsider.com/c/514cb64becad04de19000002
I think in fact, there are factors that are negatively affecting the price of gold. It is possible that gold prices continue to fall? Sure. But there is another set of factors that could quickly reverse this trend. The international liquidity is currently very large. The danger of inflation is dormant, the Fed, ECB and BOJ need to keep interest rates at a low level, the uncertainty about Europe's economy is still very large. Any of these factors can drive the price of Gold just have to wait for the market to signal which direction gold. If the trend is up, then we have to take positions "long". If the trend is up, then we should change positions and take "short". Buy and Hold is not convenient or the Gold or any other financial asset.http://www.businessinsider.com/c/514c25046bb3f7137300000fjerimy123Fri, 22 Mar 2013 05:31:48 -0400http://www.businessinsider.com/c/514c25046bb3f7137300000f
Whereas the fiat ride to hell is for real men?http://www.businessinsider.com/c/514bd0076bb3f75653000007lukmanleongThu, 21 Mar 2013 23:29:11 -0400http://www.businessinsider.com/c/514bd0076bb3f75653000007
Gold is for lame, feed by fearhttp://www.businessinsider.com/c/514bbf6c69bedd967f000002Robert GanzThu, 21 Mar 2013 22:18:20 -0400http://www.businessinsider.com/c/514bbf6c69bedd967f000002
Is that the same Societe Generale, the French bank, that predicted
in April of-09 ($927.as of 4-1-09 Source: coininfo.com)
gold to drop to $800 by the end of 2010
Yes those are the same guys!
Viva La Prediction France! LOLhttp://www.businessinsider.com/c/514baeafecad04131f00000fDidn't SocGen hype Gold earlier this year?Thu, 21 Mar 2013 21:06:55 -0400http://www.businessinsider.com/c/514baeafecad04131f00000f
No more 3000-5000?http://www.businessinsider.com/c/514b9779eab8ea7a5200000eJean-Claude JunckerThu, 21 Mar 2013 19:27:53 -0400http://www.businessinsider.com/c/514b9779eab8ea7a5200000e
Should Cypriots wait for gold to drop to $1375 before moving their insured savings into gold?http://www.businessinsider.com/c/514b85ad69bedd266f00000eKnow your stuffThu, 21 Mar 2013 18:11:57 -0400http://www.businessinsider.com/c/514b85ad69bedd266f00000e
Can US handle high real interest rate with its debt load?http://www.businessinsider.com/c/514b801a69bedd0861000005NekkThu, 21 Mar 2013 17:48:10 -0400http://www.businessinsider.com/c/514b801a69bedd0861000005
Guys...my grandfather survived during the WW2, the German occupation and the civil war in Greece because he had some british sovereigns. If you stay in the European south, you will be seeing your salary decreased if your country remains in the euro. If your country returns to your previous currency, minimum you will face a 40-50% devaluation. I follow my grandfather's philosophy. Have some gold...We came to the point that your cash is not safe even in the bank!http://www.businessinsider.com/c/514b767aeab8eada0800000flol@fiatThu, 21 Mar 2013 17:07:06 -0400http://www.businessinsider.com/c/514b767aeab8eada0800000f
I find it highly amusing that banksters persist in publishing "reports" about gold "tanking" as their global monetary system collapses around them. This is the ultimate "REMAIN CALM!!! ALL IS WELL!!!! moment, and those who have been stacking at deep discounts for years will reap the benefits of their paranoia, while those who have chosen to place their faith in faith-based money will lose everything.
Why do you think central banks around the world have been adding to their gold hoards? Because they know we're in the end game and their nation's wealth will soon be measured in ounces, not piles of paper.
To those of you who think this is foolish, I wish you the best of luck.http://www.businessinsider.com/c/514b7286eab8eab97f000006JWBThu, 21 Mar 2013 16:50:14 -0400http://www.businessinsider.com/c/514b7286eab8eab97f000006
James Dines! The advice fell on deaf ears for most. One because no believed that the US lifestyle of spend more than we make existed or was a threat to national stability. Two because gold or a currency linked to gold would hinder governments ability to over promise and over spend.http://www.businessinsider.com/c/514b7197eab8ea947900000dr cohnThu, 21 Mar 2013 16:46:15 -0400http://www.businessinsider.com/c/514b7197eab8ea947900000d
Going to be an interesting year
Gold down ,bonds down,stocks down.Why is this going to happen ,BECAUSE THEY ARE ALL OVER PRICED.http://www.businessinsider.com/c/514b704c6bb3f7a421000004JWBThu, 21 Mar 2013 16:40:44 -0400http://www.businessinsider.com/c/514b704c6bb3f7a421000004
sigh... should I bother?
There was no one who would doubt that Ben. Franklin 15 years ago. Then they got scared by Lehman Bros. , Derivatives, bank bailouts, western democracies with unsustainable debts, job shortages, gas and food price increases. Now the Fed pumps billions into a stock market in the hopes all the sacred pension funds retain their value and create an illusion of a recovery. All while trying to sell the public on that not so shiny piece of green paper it continues to electronically transfer at 0% interest into bonds and banks. As the value of the paper diminishes the hoover damn just keeps sprouting more and more holes. Soon the Fed runs out of band aids and the stock market has no choice but to truly value the real economy as it is supposed to do. In case you have been living in a New York City condo the US economy really sucks. Then you go to the grocery store and surprise the loaf of break is now $8.00. Surprise the gas is 7$ a gallon. Your green paper reflects its true value and everyone loses. Except for the guy with the shiny rock. That guy hedged the value of his paper and now can exchange it for a much higher value is green paper. Get it yet?http://www.businessinsider.com/c/514b701a69beddf538000008Fritz PfisterThu, 21 Mar 2013 16:39:54 -0400http://www.businessinsider.com/c/514b701a69beddf538000008
Oh God please, please, please. Can't wait to buy more. When Bernanke's folly blows up gold will be like a Cape Canaveral launch. The trick will be bailing before falling back to earth and buy up the equities at 50 cents.http://www.businessinsider.com/c/514b6def6bb3f72b1b000005march21Thu, 21 Mar 2013 16:30:39 -0400http://www.businessinsider.com/c/514b6def6bb3f72b1b000005
I'm no gold-bug but I think you're wrong in saying there was no gold-bug 15 years ago. Maybe in America. But in most of the old world gold was always considered the safe haven.http://www.businessinsider.com/c/514b6b4eeab8ea0a6c00000fbaloneyThu, 21 Mar 2013 16:19:26 -0400http://www.businessinsider.com/c/514b6b4eeab8ea0a6c00000f
there were no gold bugs 15 years ago. They got scared in by Y2K, by 9/11, by the Iraq War, the Oil spike, Lehman etc etc etc. You have been fooled into buying a shiny rock from people who wanted to sell it and make money. you are suckers believing in doomsday and exaggerating every economic crisis as "the big one".
Cyprus is the biggest in 1 year or two, but even if the euro breaks up, stability will return in 6 monts or so. and the gold bugs will continue to wait for the big one.http://www.businessinsider.com/c/514b672069bedd0f1e000004Not part of the religionThu, 21 Mar 2013 16:01:36 -0400http://www.businessinsider.com/c/514b672069bedd0f1e000004
I'd be inclined to go with Buffet on gold. I don't think he believes in paper - he believes in an exchange mechanism for trade - and gold isn't it.http://www.businessinsider.com/c/514b65ddeab8ea9a5d00000dNumbers gameThu, 21 Mar 2013 15:56:13 -0400http://www.businessinsider.com/c/514b65ddeab8ea9a5d00000d
You still believe, believe, believe - it just paper you believe in.
People who hold physical gold also tend to hold things like a stock of canned goods, whole wheat and a grinder, brass and lead. They don't have any intention of selling gold during a crisis. Instead the plan is to wait for the crisis to subside then convert it into the new currency as necessary.http://www.businessinsider.com/c/514b58e1ecad043a7d00000emerimy321Thu, 21 Mar 2013 15:00:49 -0400http://www.businessinsider.com/c/514b58e1ecad043a7d00000e
I read what you said. And here's what I take out of it: gold gold gold - I believe I believe I believe. And here's my riposte: I don't believe. It really comes down to that.http://www.businessinsider.com/c/514b58c9ecad04697d000009Dennis954Thu, 21 Mar 2013 15:00:25 -0400http://www.businessinsider.com/c/514b58c9ecad04697d000009
As long as the central banks continue their money printing, precious metals will continue to rise in value. They may not rise in a straight line but the trend is definitely higher. Markets are becoming so addicted to QE that the central banks dare not stop it for fear of crashing the markets and bringing on another recession. Interests rates may rise but the currency will devalue faster.http://www.businessinsider.com/c/514b5293ecad04f271000007JWBThu, 21 Mar 2013 14:33:55 -0400http://www.businessinsider.com/c/514b5293ecad04f271000007
When the bread producer makes his next purchase of flour and finds out that the price just skyrocketed because the value of his currency plummeted I bet he would wish for a few nuggets of gold. Then when he passes on the price increase to the consumer the masses will find out just what a currency crash really means. Yes there will be bartering and yes precious metals will be on the top of the list.
Jerimy... you need to wrap this around your head. Money is paper. The paper is only as good as the institution that prints it. If the institution is bankrupt then so is the paper.http://www.businessinsider.com/c/514b5138ecad04e671000006JWBThu, 21 Mar 2013 14:28:08 -0400http://www.businessinsider.com/c/514b5138ecad04e671000006
The weekly demonization of gold is quite disturbing. Fear is the name of the game now. The banking institutions are obviously on edge. If the we the muppets / customers stop buying into the central banking paper ponzi scheme they lose. Their competitor? Gold and Silver. Eerily similar to the tactics used in the United States during the gold confiscation days. Demonize the only true currency in order to monopolize the central bank toilet paper.
The financial system is literally coming apart at the seams. Cyprus is the dead canary and our naked politicians will have some tough times ahead when they have to explain they really have no control ... at all.http://www.businessinsider.com/c/514b50ab69bedd0261000013jerimy321Thu, 21 Mar 2013 14:25:47 -0400http://www.businessinsider.com/c/514b50ab69bedd0261000013
Sorry bud - not buying the bullshit. Ask a Cypriot whether he'd prefer cash or gold - you'll have your answer. You want to eat? Buy consumer staples? Have fun trying to turn that gold bar into a means of exchange. And if it is accepted - how much do you want that piece of bread? You'll be trading at a steep discount.http://www.businessinsider.com/c/514b504c69bedd6364000002RedneckThu, 21 Mar 2013 14:24:12 -0400http://www.businessinsider.com/c/514b504c69bedd6364000002
Wrong, it will be 135. New dollars.http://www.businessinsider.com/c/514b4bb569bedda65700000ejerimy123Thu, 21 Mar 2013 14:04:37 -0400http://www.businessinsider.com/c/514b4bb569bedda65700000e
Gold at $1300-1400 would be a dream...a fantastic opportunity to buy.
Unfortunately I seriously doubt that is going to happen so meanwhile I will just keep stacking.